Macfos IPO vs ResGen IPO

Comparison between Macfos IPO and ResGen IPO.

IPO Details

Macfos IPO is a SME Bookbuilding IPO proposed to list at BSE SME while ResGen IPO is a SME Bookbuilding proposed to list at BSE SME.

	Macfos IPO	ResGen IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Ltd.	Gretex Corporate Services Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Securities Ltd.	Gretex Share Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Macfos IPO is up to ₹22.56 Cr whereas the issue size of the ResGen IPO is up to ₹26.79 Cr. The final issue price of Macfos IPO is ₹102.00 per share and of ResGen IPO is ₹47.00 per share.

	Macfos IPO	ResGen IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹96.00 per share	₹45.00 per share
Issue Price (Upper)	₹102.00 per share	₹47.00 per share
Issue Price (Final)	₹102.00 per share	₹47.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	0 shares	57,00,000 shares
Fresh Issue Size (Amount)	up to ₹0.00 Cr	up to ₹26.79 Cr
OFS Issue Size	22,11,600 shares	0 shares
OFS Issue Size (Amount)	up to ₹22.56 Cr	up to ₹0.00 Cr
Issue Size Total	22,11,600 shares	57,00,000 shares
Issue Size Total (Amount)	up to ₹22.56 Cr	up to ₹26.79 Cr

IPO Timetable

Macfos IPO opens on Feb 17, 2023, while ResGen IPO opens on Feb 28, 2023. The closing date of Macfos IPO and ResGen IPO is Feb 21, 2023, and Mar 02, 2023, respectively.

	Macfos IPO	ResGen IPO
Anchor Bid Date	Feb 16, 2023	Feb 27, 2023
Issue Open	Feb 17, 2023	Feb 28, 2023
Issue Close	Feb 21, 2023	Mar 02, 2023
Basis Of Allotment (Tentative)	Feb 24, 2023	Mar 08, 2023
Initiation of Refunds (Tentative)	Feb 27, 2023	Mar 09, 2023
Credit of Share (Tentative)	Feb 28, 2023	Mar 10, 2023
Listing date (Tentative)	Mar 01, 2023	Mar 13, 2023
Anchor Lockin End date 1	Mar 26, 2023	Apr 07, 2023
Anchor Lockin End date 2	May 25, 2023	Jun 06, 2023

Financials & KPIs

Macfos IPO P/E ratio is 15.22, as compared to ResGen IPO P/E ratio of 27.33.

Macfos IPO

ResGen IPO

Financials

Macfos Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	624.62	1,622.16	32.97	52.55	51.55	433.12
31-Mar-21	941.75	2,733.76	158.31	310.66	309.64	350.13
31-Mar-22	2,047.20	5,587.07	601.27	911.93	910.91	603.26
30-Sep-22	2,598.74	3,605.40	295.85	1,207.78	1,206.76	938.00
Amount in ₹ Lakhs

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

94.15

Promoter Shareholding (Post-Issue)

73.65

67.22

P/E Ratio

15.22

27.33

Market Cap

₹90.12 Cr.

₹98.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Macfos IPO Retail Individual Investors (RII) are offered 7,75,200 shares while in ResGen IPO retail investors are offered 7,75,200 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Macfos IPO and 11,28,000 shares in ResGen IPO.

	Macfos IPO	ResGen IPO
Anchor Investor Reserveration	6,60,000 shares	16,92,000 shares
Market Maker Reserveration	1,16,400 shares	3,00,000 shares
QIB	4,44,000 shares	11,28,000 shares
NII	3,32,400 shares	8,82,000 shares
RII	7,75,200 shares	19,98,000 shares
Employee
Others
Total	22,11,600 shares	57,00,000 shares

Bids Received (Subscription)

Macfos IPO subscribed 193.87x in total, whereas ResGen IPO subscribed 2.50x.

	Macfos IPO	ResGen IPO
QIB (times)	21.60x	1.09x
NII (times)	659.99x	3.87x
Big NII (times)
Small NII (times)
RII (times)	268.45x	3.88x
Employee (times)
Other (times)
Total (times)	193.87x	2.50x

Compare with others

Macfos IPO	ResGen IPO
Amanaya Ventures IPO	Sudarshan Pharma Industries IPO
ResGen IPO	Vertexplus Technologies IPO
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SVJ Enterprises IPO	Systango Technologies IPO
Sealmatic India IPO	Amanaya Ventures IPO
ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
Viaz Tyres IPO	SVJ Enterprises IPO
Patron Exim IPO	Sealmatic India IPO
Lead Reclaim IPO	Macfos IPO
Indong Tea IPO	ITCONS E-Solutions IPO